European markets rise
Saturday, 4 February 2012
LONDON, Feb 3 (AFP): Europe's main stock markets climbed in cautious deals Friday ahead of the publication of crucial non-farm payrolls data in the United States, the world's biggest economy.
Investors were also awaiting the result of long-running talks between Greece and its creditors on cutting its huge debts while Asian markets were mixed.
In late morning deals, the benchmark FTSE 100 index gained 0.48 per cent to 5,823.87 points, Frankfurt's DAX 30 added 0.39 per cent to 6,681.60 points and in Paris the CAC 40 advanced 0.53 per cent to 3,394.13 points.
The European single currency meanwhile retreated to $1.3177 from $1.3142 in New York late Thursday.
"Equities have begun ... quietly but with a mildly positive feel about them as the FTSE 100 shows no signs of selling off," said ETX Capital senior trader Manoj Ladwa.
"Trading is likely to be quiet ahead of non-farm payroll numbers out later in the session. Anything greater than the market expects is likely to see equities closing on highs for the week."
Investors were also awaiting the result of long-running talks between Greece and its creditors on cutting its huge debts while Asian markets were mixed.
In late morning deals, the benchmark FTSE 100 index gained 0.48 per cent to 5,823.87 points, Frankfurt's DAX 30 added 0.39 per cent to 6,681.60 points and in Paris the CAC 40 advanced 0.53 per cent to 3,394.13 points.
The European single currency meanwhile retreated to $1.3177 from $1.3142 in New York late Thursday.
"Equities have begun ... quietly but with a mildly positive feel about them as the FTSE 100 shows no signs of selling off," said ETX Capital senior trader Manoj Ladwa.
"Trading is likely to be quiet ahead of non-farm payroll numbers out later in the session. Anything greater than the market expects is likely to see equities closing on highs for the week."